Price action on USD/JPY (a daily chart of which is shown) as of Monday (1/24/2011) has once again reached towards the top of a triangle consolidation that has been in place since the low extreme around 80.20 was hit in early November. For more technical analysis on this currency pair, please click here for Monday’s (1/24/2011) Chart of the Day.
James Chen, CTA, CMT
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